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Musings

A metric that matters…

Transaction Bytes per Second (TBPS). This metric measures the total transaction data throughput on chain and it’s been increasing consistently. We think this is a much much more meaningful metric than Transactions Per Second (TPS). Why? On an extended Unspent Transaction Output (eUTxO) chain like Cardano a simple metric of TPS does not reflect the…

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Musings

On chain metrics

A couple of interesting stats from the latest Kraken Intelligence report. First up is the on chain dominance which as expected shows a weakening of altcoins relative to Bitcoin which is typical of bear market cycles. Note that Cardano (ADA) is performing well against other altcoins, with potential for a stronger performance as we head…

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Musings

Why tokenomics matter

A busy week in the crypto markets, triggered by the collapse of the StableCoin Terra and the non stable reserve Luna, has led to some soul searching by commentators, and a lot of articles in the main stream media predicting the imminent demise of cryptocurrencies (again). But was it surprising? For us the answer is…

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Musings

Decentralisation and security matters

Charles spoke at the Binance Conference in Dubai a few weeks ago and touched on decentralisation. He got a fair reception all things considered (Binance have one of the most centralised chains around which is largely a cut and paste of Ethereum). You may be familiar with the blockchain trilemma of scalability (or speed), security…

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Musings

Cardano Performance Improvements

We thought it was worth an update on progress improving the speed at which Cardano processes smart contracts and transactions. As Cardano adoption has accelerated this has become increasing important to enable the chain to maintain growth rates. It’s on the critical path now to support the large numbers of projects that are due to…